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Homework answers / question archive / What is the present value of $1,400 that you will receive in 7 years if you can eam a 9% rate of return on your investments? $765 85

What is the present value of $1,400 that you will receive in 7 years if you can eam a 9% rate of return on your investments? $765 85

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What is the present value of $1,400 that you will receive in 7 years if you can eam a 9% rate of return on your investments? $765 85

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Present value = Future Value / (1+r)^n

r = 0.09

n = 7 years

= 1400 / (1+0.09)^7

= 765.85

Option 1 is correct only.

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